Potential Breakout Alerts!

[Caliente]

Re: POTENTIAL BREAKOUT Alerts

Hi porper - I was referring to this mornings move that redlined most of my watchlist! The afternoon recovery from XJO makes this a premature comment I admit.

Please look at the time scale of the chart correctly. There is a huge increase in volume change from Friday to Monday. I thought this was obvious?

If there is still a mistake let me know. My opinion on MLX as a potential breakout alert remains unchanged.

Cheers
-Cali

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Not many of these around these days.

ERA has recovered with the potential bottoming in POU, and now formed up a decent ascending triangle.

Has tried to push through $24 ish 3 or 4 times now but just not wanting a clear break up.

 

[Aurum]

Re: POTENTIAL BREAKOUT Alerts

I posted the same thing to the ERA thread yesterday, however, I put the top line at $25 as this level has been touched 5 times. Out of curiosity, why did you choose $24.

Aurum.

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

Not many of these around these days.

lol true.

Maybe we need a breakdown or a "downwards breakout" thread.

This market has been a shorters paradise lately.

Upwards breakouts are few and far between these days. I can find very few in the OZ market.

Might be some coming soon, everyone is expecting a bounce, even if it just is a dead cat. US futures pointing down again and oil holding steady. Some data released tonight in the US I believe, so may give this potential gap fade a miss. How bout the gap fade last night, ha ha, cake walk! Good times!

 

[tech/a]

Re: POTENTIAL BREAKOUT Alerts

AMP

How good is that!

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

AMP

How good is that!

I missed it

Too many shorts open, my damn hedging policy! Will save me at least when/if the market chooses to bounce........

Oh and after a closer look, it is sitting right near long-term support. Next level not until near $4. But that $6 may proove hard to break. Perhaps another consolidation here after it's downward impulse.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

I posted the same thing to the ERA thread yesterday, however, I put the top line at $25 as this level has been touched 5 times. Out of curiosity, why did you choose $24.

Aurum.

Because of the resistance established in early 07 and 08 around that point. It's not an exact science this S&R stuff on a long term chart. I normally use 'zones' of support instead of exact points. The short term chart may be $25, but longer term 'around' $24. Depends on your time frame with this one. Perhaps through $25 is the breakout, and $24 is potential.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

I posted the same thing to the ERA thread yesterday, however, I put the top line at $25 as this level has been touched 5 times. Out of curiosity, why did you choose $24.

Aurum.

Because of the resistance established in early 07 and 08 around that point. It's not an exact science this S&R stuff on a long term chart. I normally use 'zones' of support instead of exact points. The short term chart may be $25, but longer term 'around' $24. Depends on your time frame with this one. Perhaps through $25 is the breakout, and $24 is potential.

But I can see why you have chosen $25. It's clearer on a shorter term chart.

Still in the ascending triangle after correcting back from the resistance zone.

Fun to watch these things pan out.

 

[Sakk]

Re: POTENTIAL BREAKOUT Alerts

AMP

How good is that!

AMP has set up a low risk re-entry into a short trade with a stop at 6.70.....

 

[MRC & Co]

Re: POTENTIAL BREAKOUT Alerts

AMP has set up a low risk re-entry into a short trade with a stop at 6.70.....

With a pretty strong support at $6, unless you can get in at current prices of 6.46, not really worth it.

Reward 46c, risk 24c, not quiet 2:1. Not to mention, you would probably want your stop a little above 6.70. No entry set-up either for me.

Glad I didn't take this trade afterall, still a week of mysery nonetheless!

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

But I can see why you have chosen $25. It's clearer on a shorter term chart.

Still in the ascending triangle after correcting back from the resistance zone.

Fun to watch these things pan out.

ERA looking closer at a longer term breakout. Cracked the $24 mark and pushing it's nose up against $25 which is the key IMO.

 

[zolow]

Re: POTENTIAL BREAKOUT Alerts

Okay, you all know that I'm new to all this It would be good to hear opinions from others on my analysis/interpretation.

- FXJ has come up recently with a few decentish gains towards its upper trendline. Today it's up ~ 6% If it keeps going tommorrow it could continue up and buck its downtrend.

- resistance at $3.60?

- The only thing I'm not convinced about is the volume. the buy/sell ratio is also pretty even.

- here's a go at the chart (bear in mind it doesn't have todays gains on it which show it crossing the trendline), comments welcome. Of course it could still end up below the trendline by end of play, in which case this was a pointless excercise!

Am I a bit premature in my analysis or does this count as a potential breakout?

disc: yes I hold a small amount of this stock (getting smaller in value by the week!)

 

[Go Nuke]

Re: POTENTIAL BREAKOUT Alerts

Okay, you all know that I'm new to all this It would be good to hear opinions from others on my analysis/interpretation.

- FXJ has come up recently with a few decentish gains towards its upper trendline. Today it's up ~ 6% If it keeps going tommorrow it could continue up and buck its downtrend.

- resistance at $3.60?

- The only thing I'm not convinced about is the volume. the buy/sell ratio is also pretty even.

- here's a go at the chart (bear in mind it doesn't have todays gains on it which show it crossing the trendline), comments welcome. Of course it could still end up below the trendline by end of play, in which case this was a pointless excercise!

Am I a bit premature in my analysis or does this count as a potential breakout?

disc: yes I hold a small amount of this stock (getting smaller in value by the week!)

I'd have said resistanc eis at $3.20 where it bounced off today looking at previous support/resistance, then at around $3.56- $3.60. (based on P&F figures and candlesticks)

The 7day MA crossing the 21 day MA is a good sign, but yeah it was on pretty low volume.

 

[Aurum]

Re: POTENTIAL BREAKOUT Alerts

Pennant in wec, target around $4.50?

Aurum.

 

[fordxbt]

Re: POTENTIAL BREAKOUT Alerts

regarding FXJ i too see resistance @ 3.20 but support @ 2.95
the histograms on my chart are a little over-extended on this one, dont be surprised if the sp pulls back

 

[Aurum]

Re: POTENTIAL BREAKOUT Alerts

Another candidate for a pennant is MAE. Target around the $1.60 mark.

Aurum.

 

[Sean K]

Re: POTENTIAL BREAKOUT Alerts

Pennant in wec, target around $4.50?

Aurum.

Yeah, maybe $4.75 best case.

Looks interesting.

 

[Kryzz]

Re: POTENTIAL BREAKOUT Alerts

BXB - Brambles seems to be forming an ascending triangle, with a bit of gap in mid april which hasn't been filled yet, or it could still be moving sideways still??

Cheers,
Shaun

 

[Garpal Gumnut]

Re: POTENTIAL BREAKOUT Alerts

See my blog on charts, Futuris , a nice company may be a buy.

gg

 

[pan]

Re: POTENTIAL BREAKOUT Alerts

GGP has reached a 8 month old resistance level.. News is due in the coming days regarding their bullseye well and we may see a break above the resistance level.